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  • Who are the Saudi Pro League’s biggest transfers of summer 2024?

    A blockbuster summer transfer window in 2023, which saw global superstars like Neymar, Karim Benzema and Riyad Mahrez join Cristiano Ronaldo in the Kingdom, contributed to an explosion of interest in the Saudi Pro League – putting it on the world football map like never before. Fast forward 12 months and the fanfare has subsided somewhat as clubs scaled back their signings this summer, with many opting instead to consolidate their existing personnel. Still, there have been plenty of notable forays into the transfer market, with Al Qadsiah and Al Ittihad particularly active – the former spending more than $50 million on reinforcements.

  • Summit set to make Saudi Arabia leading global AI model as envisioned by Crown Prince

    The 3rd Global AI Summit would showcase the advancements in artificial intelligence technologies with the participation of more than 300 speakers and specialists representing 100 countries from all over the world. Crown Prince and Prime Minister Mohammed bin Salman, who is also chairman of the Board of Directors of the Saudi Data and Artificial Intelligence Authority (SDAIA), will patronize the summit at the King Abdulaziz International Conference Center in Riyadh from September 10 to 12.

  • Immersive architectural tourism​ іn Saudi Arabia

    Digital tourism reflects a sophisticated strategy tо merge cultural heritage with cutting-edge technology, facilitating virtual access tо sacred sites, historical landmarks, and natural wonders. These efforts showcase Saudi Arabia’s commitment to innovation, as well as its dedication to foster a deeper global appreciation of its cultural and architectural treasures.

  • What to Make of China’s Moves in the Middle East

    In late July, 14 Palestinian factions including rivals Hamas and Fatah agreed “to end their divisions and form an interim national unity government” in a “Beijing Declaration” after negotiations in the capital that began on July 21. The talks followed an earlier attempt by China to broker a deal between Fatah and Hamas.

  • Saudi Arabia completes SR6.018 billion Sukuk issuance for August 2024

    The National Debt Management Center has completed the receipt of investor requests for the local Sukuk issuance for August 2024, as part of the Saudi Arabian government’s Sukuk program in Saudi Riyals. The total allocation for this issuance was set at SR6.018 billion. The center's statement detailed that the issuance was divided into five tranches. The first tranche, amounting to SR2.818 billion, is set to mature in 2029. The second tranche, totaling SR1.992 billion, is due in 2031, while the third tranche, valued at SR152 million, will mature in 2034. The fourth tranche, amounting to SR415 million, is set to mature in 2036, and the fifth tranche, totaling SR642 million, is due in 2039.

  • Maersk opens the doors to its largest Logistics Park at Jeddah Islamic Port in Saudi Arabia

    The Saudi ports sector is witnessing major and unprecedented leaps, in terms of high operational performance efficiency, achieving records in international indicators, growing maritime navigation lines and increasing maritime connectivity with the countries of the world. The Maersk Logistics Park at Jeddah Islamic Port will contribute to service and development in supporting economic activity in the Kingdom and providing highly efficient logistics services to support the movement of trade and export to foreign markets and enhance the work of supply chains and logistics.

  • Saudi Cultural Fund to launch on Thursday new initiative to finance cultural projects

    The Fund will launch on Thursday a financing program, the first of its kind, to develop the cultural sector and integrate the private sector in providing financing solutions for establishments operating in various cultural and creative fields. The program is set to build strategic partnerships to link the public and private sectors with their non-profit counterparts, as well as to develop it, achieve its sustainability, and enhance its profitability.

  • Delivery partner appointed for construction of world’s largest airport in Saudi Arabia

    UK-based construction company Mace has won the role of delivery partner for Saudi Arabia’s King Salman International Airport, which is expected to be the world’s largest airport once completed. Mace will oversee the planning and construction of the airport in Riyadh and will work alongside the King Salman International Airport Development Company (KSIADC), which is owned by Saudi Arabia’s Public Investment Fund (PIF). The six-runway airport is expected to be ready to transport people travelling for Riyadh Expo 2030 and the FIF World Cup 2034.

  • Saudi POS operations reached 204 million with a value of over SR13 billion in a week

    The total number of point of sale (POS) operations in Saudi Arabia reached more than 204 million with a value of over SR13 billion during the last week. A total of 204,274,000 POS operations, with a value of SR13,568,097,000, were undertaken during the period from August 11 to 17 compared to SR13,093,782,000 in the previous week, according to the Saudi Central Bank's weekly bulletin for points of sale. The number of operations in clothing and shoes accounted for 7,338,000 with a value of SR931,595,000 while the operations in construction and building materials stood at 1,606,000 with a value of SR332,513,000. The number of operations in education reached 232,000 with a value of SR1,011,702,000.

  • Saudi infrastructure provider signs on for The Rig giga-project

    Saudi adventure tourism project The Rig has contracted a local company to develop the infrastructure for one of the kingdom’s more outlandish giga-projects. The Public Investment Fund (PIF) company said International Maritime Industries (IMI) had formally agreed to provide maritime logistics and infrastructure for the project, which has an ambitious target date of 2027. The Rig involves two floating entertainment centres on oil rig platforms off Saudi Arabia’s east coast.